Yet the West's economies have embarked on contractionary policies.

然而西方经济体却实施收缩银根的策。

She had fought and schemed and nursed them through the dark times when Yankee confiscation loomed, when money was tight and smart men going to the wall.

那兰大刚刚挣扎着从废墟中站起来，她面临着穷困的威胁，而北方佬的没收策已隐约出现，银根很紧，能干的人到处碰壁。在这些所有艰苦的条件下，她斗，苦心筹划，将两个厂子经营并发殿起来。

He insists that lowering interest rates is the key to fighting inflation, rather than tightening the screws, which is the solution favoured by generations of orthodox economists.

他坚持认为降低利率是打击通货膨胀的关键，而不是紧缩银根， 后者是几代传统经济学家所青睐的解决方案。